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BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We are true to our creed when a little girl born into the bleakest poverty knows that she has the same chance to succeed as anybody else because she is an American, she is free, and she is equal not just in the eyes of God but also in our own.

(APPLAUSE)

We understand that outworn programs are inadequate to the needs of our time. So we must harness new ideas and technology to remake our government, revamp our tax code, reform our schools, and empower our citizens with the skills they need to work hard or learn more, reach higher.

But while the means will change, our purpose endures. A nation that rewards the effort and determination of every single American, that is what this moment requires. That is what will give real meaning to our creed.

We, the people, still believe that every citizen deserves a basic measure of security and dignity. We must make the hard choices to reduce the cost of health care and the size of our deficit.

(APPLAUSE)

But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future.

(APPLAUSE)

For we remember the lessons of our past, when twilight years were spent in poverty and parents of a child with a disability had nowhere to turn. We do not believe that in this country freedom is reserved for the lucky or happiness for the few. We recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudden illness or a home swept away in a terrible storm. The commitments we make to each other through Medicare and Medicaid and Social Security, these things do not sap our initiative. They strengthen us.

(APPLAUSE)

They do not make us a nation of takers. They free us to take the risks that make this country great. (APPLAUSE)

We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity. We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations.

(APPLAUSE)

Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires, and crippling drought, and more powerful storms. The path towards sustainable energy sources will be long and sometimes difficult. But American cannot resist this transition. We must lead it.

(APPLAUSE)

We cannot cede to other nations the technology that will power new jobs and new industries. We must claim its promise. That's how we will maintain our economic vitality and our national treasure, our forests and waterways, our crop lands and snow capped peaks. That is how we will preserve our planet, commanded to our care by God. That's what will lend meaning to the creed our fathers once declared.

We, the people, still believe that enduring security and lasting peace do not require perpetual war.

(APPLAUSE)

Our brave men and women in uniform tempered by the flames of battle are unmatched in skill and courage.

(APPLAUSE)

Our citizens seared by the memory of those we have lost, know too well the price that is paid for liberty. The knowledge of their sacrifice will keep us forever vigilant against those who would do us harm. But we are also heirs to those who won the peace, and not just the war. Who turn sworn enemies into the surest of friends. And we must carry those lessons into this time as well. We will defend our people, and uphold our values through strength of arms, and the rule of law.

We will show the courage to try and resolve our differences with other nations peacefully. Not because we are naive about the dangers we face, but because engagement can more durably lift suspicion and fear.

(APPLAUSE)

America will remain the anchor of strong alliances in every corner of the globe. And we will renew those institutions that extend our capacity to manage crisis abroad. For no one has a greater stake in a peaceful world than its most powerful nation. We will support democracy from Asia to Africa, from the Americas to the Middle East, because our interests and our conscience compel us to act on behalf of those who long for freedom. And we must be a source of hope to the poor, the sick, the marginalized, the victims of prejudice. Not out of mere charity, but because peace in our time requires the constant advance of those principles that our common creed describes; tolerance and opportunity, human dignity and justice. We the people declare today that the most evident of truth that all of us are created equal -- is the star that guides us still; just as it guided our forebears through Seneca Falls and Selma and Stonewall; just as it guided all those men and women, sung and unsung, who left footprints along this great mall, to hear a preacher say that we cannot walk alone; to hear a King proclaim that our individual freedom is inextricably bound to the freedom of every soul on Earth.

(APPLAUSE)

It is now our generation's task to carry on what those pioneers began, for our journey is not complete until our wives, our mothers and daughters can earn a living equal to their efforts.

(APPLAUSE)

Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law, for if we are truly created equal, then surely the love we commit to one another must be equal, as well.

(APPLAUSE)

Our journey is not complete until no citizen is forced to wait for hours to exercise the right to vote.

(APPLAUSE)

Our journey is not complete until we find a better way to welcome the striving, hopeful immigrants who still see America as a land of opportunity, until bright young students and engineers are enlisted in our workforce rather than expelled from our country.

(APPLAUSE)

Our journey is not complete until all our children, from the streets of Detroit to the hills of Appalachia to the quiet lanes of Newtown, know that they are cared for and cherished and always safe from harm.

That is our generation's task, to make these works, these rights, these values of life and liberty and the pursuit of happiness real for every American.

Being true to our founding documents does not require us to agree on every contour of life. It does not mean we all define liberty in exactly the same way or follow the same precise path to happiness.

Progress does not compel us to settle century's long debates about the role of government for all time, but it does require us to act in our time.

(APPLAUSE) For now, decisions are upon us and we cannot afford delay. We cannot mistake absolutism for principle or substitute spectacle for politics, or treat name-calling as reasoned debate.

(APPLAUSE)

We must act. We must act knowing that our work will be imperfect. We must act knowing that today's victories will be only partial, and that it will be up to those who stand here in four years and 40 years and 400 years hence to advance the timeless spirit once conferred to us in a spare Philadelphia hall.

My fellow Americans, the oath I have sworn before you today, like the one recited by others who serve in this Capitol, was an oath to God and country, not party or faction.

And we must faithfully execute that pledge during the duration of our service. But the words I spoke today are not so different from the oath that is taken each time a soldier signs up for duty, or an immigrant realizes her dream.

My oath is not so different from the pledge we all make to the flag that waves above and that fills our hearts with pride. They are the words of citizens, and they represent our greatest hope. You and I, as citizens, have the power to set this country's course. You and I, as citizens, have the obligation to shape the debates of our time, not only with the votes we cast, but the voices we lift in defense of our most ancient values and enduring ideas.

(APPLAUSE)

Let us each of us now embrace with solemn duty, and awesome joy, what is our lasting birthright. With common effort and common purpose, with passion and dedication, let us answer the call of history and carry into an uncertain future that precious light of freedom.

Thank you.

God bless you.

And may He forever bless these United States of America.

SEN. CHARLES SCHUMER (D), NEW YORK: At this time, please join me in welcoming the award-winning artist Kelly Clarkson, accompanied by the United States Marine Band.

(KELLY CLARKSON SINGING "MY COUNTRY TIS OF THEE")

SCHUMER: Wow. Our next distinguished guest is the poet Richard Blanco, who will share with us words he has composed for this occasion.

One sun rose on us today, kindled over our shores, peeking over the Smokies, greeting the faces of the Great Lakes, spreading a simple truth across the Great Plains, then charging across the Rockies. One light, waking up rooftops, under each one, a story told by our silent gestures moving behind windows.

My face, your face, millions of faces in morning's mirrors, each one yawning to life, crescendoing into our day -- pencil-yellow school buses, the rhythm of traffic lights, fruit stands-- apples, limes, and oranges arrayed like rainbows begging our praise. Silver trucks heavy with oil or paper -- bricks or milk, teeming over highways alongside us, on our way to clean tables, read ledgers, or save lives -- to teach geometry, or ring up groceries as my mother did for twenty years, so I could write this poem.

All of us as vital as the one light we move through, the same light on blackboards with lessons for the day -- equations to solve, history to question, or atoms imagined, the "I have a dream" we keep dreaming, or the impossible vocabulary of sorrow that won't explain the empty desks of twenty children marked absent today, and forever. Many prayers, but one light breathing color into stained glass windows, life into the faces of bronze statues, warmth onto the steps of our museums and park benches as mothers watch children slide into the day.

One ground. Our ground, rooting us to every stalk of corn, every head of wheat sown by sweat and hands, hands gleaning coal or planting windmills in deserts and hilltops that keep us warm, hands digging trenches, routing pipes and cables, hands as worn as my father's cutting sugarcane so my brother and I could have books and shoes.

The dust of farms and deserts, cities and plains mingled by one wind -- our breath. Breathe. Hear it through the day's gorgeous din of honking cabs, buses launching down avenues, the symphony of footsteps, guitars, and screeching subways, the unexpected song bird on your clothes line.